T. Rowe Price is looking for an investment analyst to work in its structured products group in Baltimore. The new hire comes as T. Rowe's holdings of mortgage-backed securities have grown recently, according to Connie Bavely, senior portfolio manager and head of asset-backed, mortgage-backed and commercial mortgage-backed securities. She declined to specify by how much. The professional would report to Bavely, who now manages $5.5 billion in MBS, $2.5 billion in ABS and $500 million in CMBS.
The new hire would support Bavely's six-person structured products team in analytics and may do some trading. Bavely said she is in process of accepting resumes for a professional working toward an MBA or CFA who has experience with computer modeling; a background with one to two years of MBS experience would be a plus.